Four Prosperity Home Mortgage Consultants Named as VHDA Top Producing Loan Officers

We are proud to announce that four of our mortgage consultants were named as Virginia Housing Development Authority Top Producing Loan Officers. They include Jonathan Haug, Janice Lanning, Mark Fillgrove and Derek Alverson.

“It’s fantastic to see Jonathan, Janice, Mark and Derek receive this well-deserved recognition,” said Tim Wilson, CEO of Prosperity Home Mortgage. “We are very proud of their hard work and of all that they have achieved while helping to make homeownership a reality for their clients. All of us at Prosperity are committed to providing personalized and focused service to every client, and it’s because of that ongoing commitment that we remain among the top lenders in the nation.”

The work of Haug, Lanning, Fillgrove and Alverson helped numerous individuals and families become homeowners during the commonwealth’s last fiscal year. Statewide, 8,271 people in Virginia purchased a home in VHDA’s Fiscal Year 2017, resulting in $1.62 billion in home loans created.

Haug is a senior mortgage consultant based in Virginia Beach, Virginia. He is a member of Prosperity’s Chairman’s Club for 2016 and was named to Mortgage Executive Magazine’s Top 1% of Mortgage Originators in America 2016 list. Based in Fredericksburg, Virginia, Lanning is a senior mortgage consultant, a member of Prosperity’s Presidents Club for 2016 and was also named to the Top 1% of Mortgage Originators in America 2016 list. Fillgrove is a branch manager for Prosperity and is based in Midlothian, Virginia. He is a member of Prosperity’s Presidents Club for 2016. Alverson is a senior mortgage consultant and a member of Prosperity’s Chairman’s Club for 2016. He is based in Richmond, Virginia, and was also named to the Top 1% of Mortgage Originators in America 2016 list.

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in District of Columbia, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

Prosperity Home Mortgage, LLC, (Prosperity) has introduced a new program, HomeBuyer Boost, to help responsible, creditworthy buyers achieve the goal of homeownership.

Earlier this year, Prosperity offered a program in which our clients qualified for $2.5 million in down payment or closing assistance. The new HomeBuyer Boost program sets aside up to an additional $1 million in closing cost assistance for qualified low- to moderate-income borrowers. HomeBuyer Boost is a conventional loan that has flexible terms with an additional boost.

The program offers the following to qualified borrowers:

Low down payment available. Up to 97 percent financing for purchase of a primary residence (one-unit properties).

Flexible sources of funds can be used for the down payment and closing costs with no minimum contribution required from the borrower’s own funds (1-unit properties).

Income from all borrowers on the loan must be used to qualify. Income may not exceed 100 percent of the HUD area median income for the property’s location.1

Extended-income household may allow non-borrower income to be considered toward the borrower’s debt-to-income ratio when qualifying the borrower for the mortgage.2

Homeownership education helps buyers get ready to buy a home and be prepared for the responsibilities of homeownership. The required training offers an easy-to-use, online course provided by Framework.

The additional Boost includes:

$1,000 program credit toward closing costs for clients who are at or below 80 percent of the area median income limit.3

$500 program credit to borrowers who get one-on-one homeownership education through a HUD-approved counseling agency prior to signing a purchase contract.4

Job loss protection for two years for eligible borrowers through MortgageAssureSM. This unemployment insurance can help cover up to six monthly mortgage payments in the event of an involuntary, unexpected job loss, to help borrowers avoid falling behind or defaulting on their mortgage.5

“For individuals and families who are ready to buy a home, our HomeBuyer Boost program offers incentives that may help them get the house they want,” said Tim Wilson, CEO of Prosperity Home Mortgage. “By taking part in the approved homeownership education program, they can receive an additional incentive and gain a better understanding of the responsibilities of homeownership.”

DISCLAIMER: HomeBuyer BOOST may not be the best mortgage product for all borrowers. Please consult your mortgage consultant to discuss your financing options.

1. Except for properties located in a low-income census tract.

2. Non-borrower income must be at least 30 percent of the total monthly qualifying income being used by the borrower(s). The non-borrower must 1) document his or her income, and 2) sign a statement of intent to reside with the borrower(s) for a minimum of 12 months. Other terms, conditions, and requirements may apply.

3. Borrowers are able to use program credit toward closing costs only. Excludes down payment assistance. All incentive offers valid on complete loan applications received between 06/27/2017 and 12/31/2017. Loan must close within 60 days from the date of loan application. This offer may not be used with any other offers.

4. Borrowers are not eligible for additional program credits if minimum borrower contribution is exceeded.

5. Radian MortgageAssureSM is available with borrower-paid mortgage insurance (BPMI) only. Radian MortgageAssureSM will provide up to 6 monthly mortgage payments, for a maximum monthly benefit of up to $1,500 or total protection of $9,000 during the two-year coverage period. Benefit is automatically provided on Radian-insured loans for primary, owner-occupied, single-family homes with loan-to-values of 95.01% – 97%, that meet the program guidelines.

All first mortgage products are provided by Prosperity Home Mortgage, LLC. 877-275-1762. Prosperity Home Mortgage, LLC, products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in District of Columbia, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia.

Haug to lead the brokerage’s real estate operations in Richmond, Hampton Roads, Charlottesville and Southwest Virginia

Brian Haug, a mortgage and real estate professional with over 15 years of experience, has been named Senior Vice President of Real Estate and Mortgage for Long & Foster Real Estate, the nation’s No. 1 private residential real estate company by sales volume. Haug will oversee operations of Long & Foster’s Richmond, Hampton Roads and Southwest Virginia regions, ensuring the company’s and its real estate agents’ ongoing success.

In this role, Haug will manage the nearly 45 Long & Foster offices and around 1,300 Long & Foster agents throughout Southern Virginia. He will work closely with the company’s regional and office leadership, determining the best marketing, technology and operational programs to grow the business and the brand. Haug will also take on a strategic consulting role with Prosperity Home Mortgage, LLC, a full-service mortgage banker and wholly owned subsidiary of The Long & Foster Companies—parent company of Long & Foster Real Estate.

“I’m honored and thrilled to take on this leadership position with Long & Foster Real Estate and to work with even more of the brokerage’s exceptional agents and managers,” said Haug. “Throughout my career, I’ve focused on helping agents to achieve success in the industry—learning about their needs, collaborating on strategic ideas and assisting them in growing their businesses. I look forward to building on that foundation in my new role—helping all our team to reach our best potential and dominate the marketplace in Richmond, Hampton Roads, Charlottesville and Southwest Virginia.”

Haug comes to Long & Foster Real Estate from Prosperity, where he most recently served as the firm’s area manager in the highly competitive Washington, D.C., and Montgomery County, Maryland, markets. In that position, he oversaw mortgage operations and sales, leading a team of more than 80 loan officers, financing assistants and operations staff. Haug’s strategic approach to the business, working to build win-win relationships between Prosperity and its real estate partners, brought great results. Under his leadership, the two divisions of Prosperity not only achieved double-digit market share growth, but also earned the highest customer satisfaction scores ever.

Prior to that position, Haug worked with Prosperity in Southern Virginia for about a decade. He joined the team as a mortgage consultant, working with Long & Foster Real Estate’s Midlothian, Virginia, office. There, he built strong relationships with Long & Foster and other brokerage real estate agents, closing hundreds of transactions annually. A few years later, he was promoted to branch manager for Prosperity’s Richmond and Southwest Virginia regions, and he led that area until he transferred to his most recent role in the D.C. market.

“Working at Prosperity and with our Long & Foster teams, Brian has distinguished himself not only for being an inspirational leader, but also a person who truly listens to and learns from his peers and staff,” said Gary Scott, president of Long & Foster Real Estate. “I’m confident these abilities, as well as his positive approach to the business and his successful background in the mortgage industry, will benefit our agents and our companies tremendously in the years to come.”

Not only did Haug start his career in Southern Virginia, but also he has deep roots within the area. He attended high school in Hampton Roads and graduated from Virginia Commonwealth University in Richmond. He also discovered his passion for real estate while attending VCU, when he purchased an investment property near the university. That first purchase led to another and then to a successful career in the mortgage and real estate industries and Haug looks forward to returning to the area that started his career.

All first mortgage products are provided by Prosperity Home Mortgage, LLC. 877-275-1762. Prosperity Home Mortgage, LLC, products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in District of Columbia, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia.